InsanityInc wrote:could be. But it's more likely the valves. Since it's a cam on bucket design, the buckets have to be shimmed as the lobes wear down over time.
Because it is cam on bucket, it would not drastically change pitch like that. Unless the car is extremely low on oil. It usually takes quite a while for the gap to open up using the cam on bucket design. They won't just collapse like hydraulic lifters.
A tapping that rapidly progresses as you have described is usually a rod nock. The speed of the tapping can be a great help in diagnosing these noises as the crank spins twice as fast as the cams. If you are unsure of what you think it is, I would have it towed to a mechanic.